DMP & Mutual Support Thread - Part 11

January2015

ploppy57 wrote: »

Not been on the boards for a while as everything was going smoothly and I was so rushed off my feet with other things. Just wanted to know if anybody has heard of a DCA called Moorcroft Group PLC?

Halifax have sent a letter saying they have sent OH's overdraft debt to them, but I have emailed them to tell them about DMP etc and email has bounced back as undeliverable. Also seemed a bit odd as the account number on the Halifax letter is not actually OH's account number.
We had already had a letter from HAlifax about 6 weeks ago saying they would be passing it on to a DCA, but it just seemed a bit odd that the contact details they are giving me for the DCA, seem to be wrong and the acc number being different.
Am I just getting worried about nothing?

Hi Ploppy

Just log into your SC account and transfer that debt using the information provided to you by Halifax. They have transferred one of our accounts to a DCA (not Moorcroft though) and the account number was completely different to the one we had with Hellifax. I just put the new information on our account with SC and will let them deal with all the information and correspondence

Lovely to hear from you

sharpeyes66

Hi

Not been active on here for some time, been steadily paying our DMP through SC and are now 1 payment away from the 'paid' column being larger than the 'to pay' column!! Usual suspects(BC) being the only ones still charging interest otherwise we would have been on the right side of that equation months ago.

A little nervous as we are due our annual review with SC and as our youngest has just started full time school our childcare costs will increase. That combined with no increase in income and additional union fees as a result of joining a union for the first time in over 30 years(a result of threatened redundancy last October) means we may have less of a surplus and not sure how that will go down with creditors.

We should clear the NW overdraft within the next year as they are receiving a larger percentage of our monthly payment, something to do with how SC allocate payments to CC's and OD's.

As we now have several defaults, if we were able to reach an agreement with any of the creditors for a F&F, how long would that stay on a credit file? Is it likely to further jeopardise any future view of us for mortgages etc any more so than the 1/5 credit rating we currently have.

boring1

stupid-fool wrote: »

I found SC Financial very good - not at all judgemental, but sympathetic. They matched us with a lender that actively lends to people trying to rebuild their financial status after a life event. The mortgage is not the cheapest but not overly expensive either. The lender also understands that this is a short term solution and as soon as their customers credit scores improve they will be off to a cheaper mainstream lender. For this reason you pay a lump sum up front (can be added to the mortgage) which is roughly equivalent to the early redemption fees on mainstream deals, then there is no exit penalty.

It was a nervous time, but I would recommend SC Financial as the understand the situation you are in and I trusted them not to rip me off with any fees etc.

Do you have a web address for sc financial I can't seem to find them. Thanks!

blisteringblue

Brogden wrote: »

Give BC a hard time and push them / complain / FOS as necessary. They're going to default you ultimately if you hold them to their promise. It's just likely they might forget their promise as you can't trust them as far as you can throw them.

BC only seem to be spurred on by hard action. We have 2 cards and basically went to a self managed DMP to get them to play ball.

£5 a month for 4 months worked wonders. One just been transferred to PRA Group (finally have the paperwork and start paying them this month) and the other is probably a month behind.

Still not showing on Noddle but the cogs are whirring.

Even if the defaults take a few more months not the end of the world, both are back to 0% when they could have cost over £150 a month on the BC stupid sliding scale of payment to debt.

Lighthelamp

Can anyone help? After receiving some back pay from employers I have sent letters to creditors offering 30% F&F offers, I expected some negotiation but only received 2 letters back, requesting detailed financial statements and threatening legal action!! I have been paying monthly to stepchange DMP for past year or so, and have debts of 30k. I will send in the financial statements as requested (income & outgoings) but should I ring the companies or what is the next step?

Sazzie23

Lighthelamp wrote: »

Can anyone help? After receiving some back pay from employers I have sent letters to creditors offering 30% F&F offers, I expected some negotiation but only received 2 letters back, requesting detailed financial statements and threatening legal action!! I have been paying monthly to stepchange DMP for past year or so, and have debts of 30k. I will send in the financial statements as requested (income & outgoings) but should I ring the companies or what is the next step?

Hi LTL

Crikey seems like you caught them on a bad day, can't give it away !!
A little shocking, although good news about the back pay. Maybe they thought you were trying to pull a fast one or something for some reason, are they defaulted debts or with original creditors?

There is an f&f thread somewhere, perhaps a post there would shed some light on things? I'm sure on the f&f thread they suggest starting at 20% offers, so you were being fair, wonder what happened. Not sure calling them will enlighten things, see how you go for now.

Sazzie23

sharpeyes66 wrote: »

Hi

Not been active on here for some time, been steadily paying our DMP through SC and are now 1 payment away from the 'paid' column being larger than the 'to pay' column!! Usual suspects(BC) being the only ones still charging interest otherwise we would have been on the right side of that equation months ago.

A little nervous as we are due our annual review with SC and as our youngest has just started full time school our childcare costs will increase. That combined with no increase in income and additional union fees as a result of joining a union for the first time in over 30 years(a result of threatened redundancy last October) means we may have less of a surplus and not sure how that will go down with creditors.

We should clear the NW overdraft within the next year as they are receiving a larger percentage of our monthly payment, something to do with how SC allocate payments to CC's and OD's.

As we now have several defaults, if we were able to reach an agreement with any of the creditors for a F&F, how long would that stay on a credit file? Is it likely to further jeopardise any future view of us for mortgages etc any more so than the 1/5 credit rating we currently have.

Try not to worry about reducing payments due to changing circumstances, I did it twice and am now at 75% less than originally, but the DMP is still rolling along with a somewhat extended DFD.

I don't know if the defaults fall off if you pay in full ? It's so unlikely to happen for me I've never looked into it. Sure someone on here will know though.

Karen777

hello all the new people and the old people!

to the new people - wild rollercoaster emotions are perfectly normal at the beginning - you'll settle into it and feel much better soon I promise

Nice to hear how people are doing - it really does get better one doesn't - who'd have thought we could all do this when we were having our light bulb/ crazy panic times at the beginning of our journeys?

I think you learn a lot whilst paying off debts - and that stuff will stay with us for life. We are the lucky ones in many ways - all around us and all across the country there are people who have not made it this far yet and still live with the lurching panic and head in the sand attitude....

Puzzcat

Happy hump day dmp'ers...

Bit of news for you today.. I recently complained to N*twest about not defaulting my p.loan, having defaulted my od and cc and they agreed with me... the default is being backdated and they sent me £50 compensation....:j

Now I am waiting for the PRA (T) group to show some signs of life with my BC debt.. does anyone know should it automatically be defaulted when sold on to a DCA?

Much Love Puzz. x

Sazzie23

Puzzcat wrote: »

Happy hump day dmp'ers...

Bit of news for you today.. I recently complained to N*twest about not defaulting my p.loan, having defaulted my od and cc and they agreed with me... the default is being backdated and they sent me £50 compensation....:j

Now I am waiting for the PRA (T) group to show some signs of life with my BC debt.. does anyone know should it automatically be defaulted when sold on to a DCA?

Much Love Puzz. x

Great news about NW, :T:T
Sorry I dunno about the default being automatic if it goes to DCA - all mine were, but do they have to ???